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As an independent trader with years of experience evaluating brokers, I approach every platform with caution and a keen focus on its product range and regulatory standing. When I looked into RICO, I noted that the broker is a Brazil-registered investment company offering diverse instruments but, importantly, remains unregulated—an aspect that raises significant safety concerns for me and dictates extra vigilance. From my assessment, RICO does not focus exclusively on forex. Instead, it takes a broader approach, providing access to a variety of investment products. RICO offers instruments such as stocks, options, futures contracts (including mini and stock futures), stock rental, and liquidity provider services within the BM&F Brazilian market ecosystem. Additionally, there are direct treasury, fixed income products, debentures, and other investment options like real estate funds, investment funds, COEs, CRIs, CRAs, and IPOs. However, despite offering MetaTrader 5—which is popular among forex traders—I couldn’t find clear evidence of dedicated forex or cryptocurrency trading. The emphasis seems much more geared toward the Brazilian equity and derivatives landscape rather than global forex or crypto assets. Given these nuances, RICO’s strength lies in accommodating Brazilian market instruments and fixed-income products rather than serving as a well-rounded international CFD or forex provider. If your trading interests are primarily in forex or digital assets, my experience suggests that this broker may not fulfill those needs. Most importantly, due to the lack of regulation, I would personally exercise considerable caution before considering significant capital exposure here.